BEIJING, Sept. 30 (Xinhua) -- The Industrial and Commercial Bank of China (ICBC) Friday held a forum on financial cooperation under the Belt and Road Initiative in Beijing.
Over 70 foreign banking institutions and 16 Chinese-funded enterprises sent representatives to attend the forum, exchanging ideas on how to promote the opening-up of financial market and better participate in the B&R construction.
Hu Hao, vice president of the ICBC, said that with the B&R construction going further, Chinese enterprises' outbound investment and financing had become a powerful engine for China's economic transformation and inject new vitality to cross-border financial cooperation.
As an active advocate of financial cooperation among the B&R countries, ICBC is aiming to build a platform for Chinese and foreign bankers as well as entrepreneurs, in order to deepen win-win cooperation and share more opportunities, according to Hu.
It is learned that as of the end of June 2018, ICBC has established 129 branches in 20 countries and regions along the B&R routes. It has supported 393 overseas projects with a loan amount of approximately 102.8 billion U.S. dollars.
In the first half of the year, ICBC financed 50 B&R projects with a loan amount of 11 billion U.S. dollars. (Edited by Li Wenxin, liwenxin@xinhua.org)
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